AHLUWALIA CONT. Ready to start fresh rally, 2017-18 high was broken and retested the resistance level in last month. beginning of new rally can give good return in mid to long term period. Neckline will act as stoploss.
Buy Setup Upside Move Possible only education Purpose ..
The stock is in bullish mode....the next targets are shown in the chart.
You can buy this share in any dip with stop loss , you can also imitate a buying here buy at current price 390 with SL of 361 target 474 Thanks
Weekly Breakout chart Been consolidating for 5 yrs Need bit of patience if entering , As it is an Weekly Breakout. Can Enter with the SL of 408 DCB . Big SL so shud add less Quantity . Can add more if it retest the support and moves up again
#Ahluwalia Contra cmp @ 450 add till @ 420 target @ 590 fresh break out done
Ahluwalia construction good price action with volume also good clossing of weekly basing
Ahluwalia Cont Ind Ltd trading in channel. also today Aditya birla sunlife mutual fund buy through bulk deal 815000 shares @369.50 Rs.
Trade Logic: 1. Respected Double top formation and reached its target. Now moving up. 2. Gap filling also done. 3. Stock trying to break it's all time highest closing from 2018 i.e., 421.50 4. Volatility compression seen from July-August (~2 Months). Refer Flag and Pole Pattern on charts. For clear understanding switch to line chart.
Sell at 278 275 - Target 1 272- Target 2 Stoploss 280
SELL AHLUCONT BELOW 403 TGT1=395 TGT2=386 TGT3=374 closing base SL=431
SELL AHLUCONT BELOW 403 TGT1=395 TGT2=386 TGT3=374 closing base SL=431